Merritt Properties Completes Construction of 42 Crossing and Full Leasing of Merritt Midway Business Park

42 Crossing offers the region’s only move-in ready incubator warehouses for small businesses

DURHAM, NC, July 29, 2024 /PRNewswire/ — Merritt Properties is pleased to announce the completion of construction on 42 Crossing, a three-building, 213,800-square-foot, premier development in Garner, North Carolinawhich offers multi-bay and incubator spaces. As leasing begins at 42 Crossing, Merritt has completed the leasing of Merritt Midway Business Park, a three-building, 211,450-square-foot light industrial park in Knightdale, North Carolina.

42 Crossing: a new hub for industrial growth
42 Crossing, strategically located on 22 hectares in the growing Johnston County area, provides easy access to I-40 and the I-540 extension. The development includes buildings with 18′-24′ clear heights, rear loading docks and drive-thru capabilities, catering to a variety of light industrial needs.

“The completion of 42 Crossing marks an exciting expansion of our light industrial portfolio in the Triangle area as we continue to create new business opportunities,” said Keith Wallaceone of the regional directors of Merritt Properties in North Carolina“This development not only responds to the increasing demand for business space in the region, but also offers smaller companies the opportunity to establish themselves in our flexible incubator spaces.”

The development has generated a mix of rental activities including:

• Quartz America: 12,629 SF
• CE Gandee: 1,800 SF
• The Spa Haus: 1,800 SF
• Choufani & Bailey Roofing: 1,800 SF
• Fiber zone US: 1,800 square feet
• Dock, Door and Grille Solutions: 1,800 SF
• JMO Import Automotive: 1,800 SF
• Konecranes: 1,800 SF
• Pickles and Play: 18,350 SF, the company’s third indoor pickleball facility at a Merritt property

“42 Crossing is a game-changer for economic growth and business development in our region, moving our community toward a more prosperous future,” said Chris JohnsonDirector of Johnston County Economic Development. “This light industrial development will support local businesses and attract new ventures, serving as a catalyst for job creation and a strategic space for businesses to expand and innovate.”

A unique aspect of 42 Crossing is its offering of incubator warehouses, ideal for companies looking for 1,800-3,600 square feet of small industrial space. These move-in ready facilities include two offices, a bathroom, and a climate controlled warehouse, all with a single level drive-thru entrance.

Matt Youngerowner of The Spa Haus, shared: “Merritts incubator suite was the perfect choice when I was looking for a space to open my showroom, with ground floor access and ample floor space. Furthermore, the park offers significant flexibility for future growth, giving us the opportunity to expand our space as our business develops. This ensures we can continue to meet increasing demand without the need for a major relocation.”

Merritt Midway Business Park: Fully Leased
Merritt Midway Business Park, located at Hinton Oaks Boulevard and Hinton Pond Road, just east of I-540 in Knightdaleis fully occupied with a diverse tenant base.

Recent additions to the park include:

• Optimal: 7,778 SF
• Knightdale Gymnastics: 13,078 SF
• Rivian: 2,790 m2
• Reliable Home Solutions: 6,382 SF

“We are pleased to announce the full lease of Merritt Midway Business Park,” Wallace added. “The demand for this space reflects the strategic importance of the Knightdale area and our commitment to meeting the needs of growing businesses.”

Tenant Chad SmithGeneral Manager of TK Elevator Corporation, said: “When considering the relocation of our company, we prioritized location, proximity to amenities and an adaptable space. Merritts turnkey capabilities with in-house design and build teams made them our top choice. They were easy to work with and impressed us early on, meeting tight schedules and meeting our needs. We are extremely happy with our decision to partner with Merritt.”

A proposal has been made for a fourth building of 6,700 square meters, which can be custom built and rented out.

NAI Tri Properties Supported Merritts leasing team throughout the entire process and contributed to the successful leasing of Merritt Midway Business Park.

For more information about 42 Crossing, Merritt Midway Business Park or other Merritt Properties developments, please visit www.merrittproperties.com.

About Merritt Properties
Founded in 1967, Merritt Properties is a full-service commercial real estate company with over 21 million square feet of office, warehouse, industrial, retail and build-to-suit properties throughout Maryland, Florida, North Carolina And Virginia. Our company strives to “Create Homes for Businesses” and provide the highest quality service to our customers. Merritt is unique because we build for the long term and manage all our properties internally. That is why we value trust, integrity, respect and sustainable relationships more than short-term profit. And because every Merritt employee is also an owner of the company, we all have a personal stake in our clients’ success. That’s why we are responsive and committed to honest and fair business relationships that grow client relationships into long-term partnerships. For more information, visit www.merrittproperties.com.

SOURCE Merritt Properties, LLC